Tips on Getting Back into Trading After a Break

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TIPS ON GETTING BACK INTO TRADING AFTER A BREAK

• Reference
• https//www.platinumtradingacademy.com/

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• Tips On Getting Back Into Trading After A Break
• 1. Take Your Time To Catch Up
• 2. Prepare For And Plan Your First Week Back
• 3. Transition Your Trading Up To Full Speed

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Tips On Getting Back Into Trading After A Break

• Many traders find it stressful getting back into
  trading after taking a break due to vacation or
  time of year etc.
• This is NOT unusual, especially after coming back
  after a long vacation away from the markets.
•  

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• It is very easy to be overwhelmed by all events
  and let the stress of the occasion take hold and
  mistakes can be made.
• Below are a few tips

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1. Take Your Time To Catch Up

• There is no easy way.
• But you need to read extensively what has
  happened over the past 7 -10 days.
• Only by doing this will it give you the overview
  that you need.

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• Do NOT make the mistake of assuming that the
  currency pairs that youre trading are reacting
  to all the same market themes and will stay
  within their average trading ranges.
• You do not need to do an overkill of a FULL
  MARKET analysis and currency pair by pair
  charting analysis.

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• Pick a few pairs and gather the other news as you
  go along.
• Here is my approach I follow up on AUD/USD,
  USD/CAD and NZD/USD news and charts and then I
  move to other pairs after these.

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2. Prepare For And Plan Your First Week Back

• This just makes so much common sense.
• List out the news items for you initial currency
  pairs, give yourself time to read and evaluate
  the charts and articles.
• This allows you to calm nerves and provide
  greater confidence and it will reduce stress.

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• The biggest mistake is to jump in and trade
  immediately without the research.
• Go back to your TRADING PLAN and look at the
  set-ups you have.
• You can never do too much preparation.

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• You gain so much confidence if your first two or
  three trades back from vacation are good ones.
• Its all about timing and picking your trades and
  entries in line with the disciplines that you
  have contained within your TRADING PLAN.
• They are there for a reasonuse them.

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3. Transition Your Trading Up To Fuill Speed

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• You may have it written into your TRADING PLAN
  that upon a return from vacation that your trade
  sizes for the first week are 50 of normal size
  and that your risk parameters / tolerances are
  now only 2 instead of 3.
• These are all great ideas to help you ease back
  into the chair and are worthy of consideration.

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•  
• Remember, the goal of Forex Trading is
  consistency and longevity.
• You may even to decide to trade reduced hours for
  your first week back.
• I hope that the tips above tips are of some use
  to help get you back on track after a long
  vacation away from the markets.

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Thank You